CHINESE CONSOLIDATED BENEVOLENT AS… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

PETER D CHU

Phone

6192766555

Tax Period

2024-01-01 to 2024-12-31

CHINESE CONSOLIDATED BENEVOLENT ASSOCIAT, founded in 1971, is a small nonprofit that reported $616K in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $328K, a strong 53% operating margin.

Mission

TO PROVIDE CHARITABLE ACTIVITIES, SOCIAL WELFARE, AND TO PRESERVE AND PROMOTE THE CULTURE AND TRADITIONS OF THE CHINESE PEOPLE

Program Service Accomplishments

Program 1

Expenses: $264,339

TO PROMOTE CULTURAL AWARENESS AND MEMBER ACTIVITES

Program 2

Expenses: $4,000

PROVIDE EDUCATIONAL SCHOLARSHIPS TO INDIVIDUALS

Program 3

Expenses: $2,760

DEVELOPMENT OF A REHABILITATION PROJECT OF LOW INCOME SENIOR HOUSING FOR ALL PEOPLE SOCIAL WELFARE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,049

Program Service Revenue $430,351

Investment Income $11,113

Other Revenue $163,226

TOTAL REVENUE $615,739

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $271,099

Other Expenses $283,333

TOTAL EXPENSES $287,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,739	$286,717	+1.1%
Expenses	$287,333	$252,108	+0.1%
Net Income	$328,406	$34,609	+8.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER D CHU	President	5.00	Officer Director	$0	$0	$0
MY LU	Vice President	5.00	Officer Director	$0	$0	$0
KATHLEEN DANG	Secretary	5.00	Officer Director	$0	$0	$0
CHRISTOPHER CHAN	Director	5.00	Officer Director	$0	$0	$0
WESLEY QUACH	Director	5.00	Officer Director	$0	$0	$0
HUY LY	Director	5.00	Officer Director	$0	$0	$0
ALAN WONG	Director	5.00	Officer Director	$0	$0	$0
DONNA LEE	Director	5.00	Officer Director	$0	$0	$0
TIFFANY ZHANG	Director	5.00	Officer Director	$0	$0	$0
LINDSEY LUE	Director	5.00	Director	$0	$0	$0
SALLY WONG AVERY	Director	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$615,739	$287,333	$931,239	$328,406
2023	$286,717	$252,108	$602,828	$34,609
2022	$214,946	$162,817	$568,215	$52,129
2021	$20,386	$42,173	$516,078	$-21,787
2020	$635,100	$411,203	$537,852	$223,897
2019	$79,478	$113,478	$313,917	$-34,000
2018	$155,243	$90,922	$484,987	$64,321

CHINESE CONSOLIDATED BENEVOLENT ASSOCIAT